Friday 6 November 2026
Export EWBC’s income statement to Excel — free account
East West Bancorp, Inc.
EWBC Financial Banks Regional
East West Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 3.18% from fiscal 2024.
- Revenue
- −0.14%
- EPS
- +4.91%
- Free cash flow
- +112.6%
- Total debt
- −0.01%
Quarter to September 2026, against a year earlier
129.29
4.77
−3.56%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 1,320 | 1,583 | 1,869 | 2,105 | 1,831 | 1,905 | 2,620 | 3,987 | 4,528 | 4,673 | 4,747 | +15.1% | 3,223 | 3,491 | 3,737 | (7.2%) | |
| Gross margin, % | 92.06 | 91.15 | 85.81 | 80.31 | 88.10 | 95.42 | 89.49 | 65.35 | 57.72 | 62.75 | 66.27 | (29.3) pt | ||||||
| EBT | 572 | 735 | 819 | 844 | 686 | 1,056 | 1,412 | 1,460 | 1,482 | 1,725 | 1,887 | +13.0% | ||||||
| EBT margin, % | 43.36 | 46.44 | 43.80 | 40.10 | 37.46 | 55.46 | 53.88 | 36.61 | 32.72 | 36.93 | 39.74 | (6.4) pt | ||||||
| Net income | 432 | 506 | 704 | 674 | 568 | 873 | 1,128 | 1,161 | 1,166 | 1,325 | 1,446 | +13.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 9.16 | 10.96 | 12.90 | 14.46 | 12.86 | 13.43 | 18.54 | 28.24 | 32.60 | 33.78 | 34.53 | +15.6% | |||||
| Earnings | 3.00 | 3.50 | 4.86 | 4.63 | 3.99 | 6.16 | 7.98 | 8.23 | 8.39 | 9.58 | 10.60 | +13.8% | ||||||
| Cash flow | 4.51 | 4.87 | 6.10 | 5.04 | 4.87 | 8.24 | 14.62 | 10.09 | 10.16 | 10.86 | 0.00 | +10.2% | ||||||
| Capex | (0.03) | 0.73 | (0.08) | (0.06) | 0.02 | (0.04) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | 4.48 | 5.60 | 6.01 | 4.97 | 4.88 | 8.20 | 14.62 | 10.09 | 10.16 | 10.86 | 0.00 | +10.3% | ||||||
| Book value | 23.79 | 26.60 | 30.54 | 34.49 | 37.02 | 41.16 | 42.35 | 49.24 | 55.60 | 64.33 | 65.76 | +11.7% | ||||||
| Shares, m | 144 | 144 | 145 | 145 | 142 | 142 | 141 | 141 | 139 | 138 | 138 | (0.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 16.92 | 17.47 | 8.98 | 10.52 | 12.71 | 12.79 | 8.26 | 8.87 | 11.43 | 11.73 | 12.20 | 12.0 | |||||
| P/S | 5.54 | 5.60 | 3.37 | 3.37 | 3.94 | 5.86 | 3.56 | 2.58 | 2.94 | 3.33 | 3.74 | 4.0 | ||||||
| P/B | 2.13 | 2.31 | 1.43 | 1.41 | 1.37 | 1.91 | 1.56 | 1.48 | 1.72 | 1.75 | 1.92 | 1.7 | ||||||
| EV/Sales | 2.74 | 3.62 | 1.27 | 1.74 | 0.95 | 2.39 | 1.93 | 1.26 | 2.45 | 2.99 | — | 2.1 | ||||||
| EV/FCF | 5.60 | 7.08 | 2.72 | 5.07 | 2.50 | 3.92 | 2.46 | 3.54 | 7.90 | 9.37 | — | 5.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 650 | 703 | 883 | 733 | 693 | 1,168 | 2,066 | 1,425 | 1,412 | 1,502 | 1,975 | +9.7% | |||||
| Capex | (4) | 106 | (12) | (9) | 2 | (6) | (1) | — | — | — | (117) | (20.7%) | ||||||
| Free cash flow | 646 | 809 | 871 | 724 | 695 | 1,163 | 2,066 | 1,425 | 1,412 | 1,502 | 1,858 | +9.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (1,386) | (472) | 336 | 566 | (1,920) | (6,371) | (5,818) | (5,454) | (5,880) | (7,643) | (9,827) | +20.9% | |||||
| Net debt | (3,694) | (3,128) | (3,934) | (3,419) | (5,483) | (6,602) | (4,261) | (5,257) | (2,188) | (1,594) | (2,037) | (8.9%) | ||||||
| Shareholders’ equity | 3,428 | 3,842 | 4,424 | 5,018 | 5,269 | 5,837 | 5,985 | 6,951 | 7,723 | 8,899 | 9,040 | +11.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 1.29 | 1.41 | 1.80 | 1.58 | 1.18 | 1.54 | 1.81 | 1.74 | 1.60 | 1.69 | 1.76 | +0.4 pt | |||||
| ROIC | 0.00 | 64.31 | 104.51 | 33.00 | 0.00 | 0.00 | 51.18 | 53.88 | 16.73 | 14.76 | 16.81 | +14.8 pt | ||||||
| ROE | 13.18 | 13.91 | 17.03 | 14.28 | 11.04 | 15.72 | 19.08 | 17.95 | 15.89 | 15.94 | 0.00 | +2.8 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,873 | 3,000 | 3,200 | 3,300 | 3,200 | 3,100 | 3,155 | 3,206 | 3,100 | 3,350 | — | +1.7% | |||||
| Revenue/emp, $m | 0.46 | 0.53 | 0.58 | 0.64 | 0.57 | 0.61 | 0.83 | 1.24 | 1.46 | 1.39 | — | +13.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
East West Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RF Regions Financial Corporation | $24.2B | 11.0× | 10.7× | +0.16% (above 0%: growing) | +16.13% (above 0%: growing) | −39.63% (below 0%: shrinking) | 80.24% | 0.00% | Compare |
| KEY KeyCorp | $22.1B | 11.5× | 11.2× | +1.55% (above 0%: growing) | +24.39% (above 0%: growing) | +85.68% (above 0%: growing) | 71.05% | 0.00% | Compare |
| BCH Banco De Chile | $19.6B | 14.0× | 14.3× | +11.52% (above 0%: growing) | +4.13% (above 0%: growing) | +134.20% (above 0%: growing) | 75.90% | 0.00% | Compare |
| BSBR Banco Santander Brasil SA | $17.7B | 6.2× | — | +14.98% (above 0%: growing) | −5.56% (below 0%: shrinking) | +274.78% (above 0%: growing) | 40.57% | 0.00% | Compare |
| EWBC East West Bancorp, Inc. | $17.7B | 12.2× | 12.2× | −0.14% (below 0%: shrinking) | +4.91% (above 0%: growing) | +112.58% (above 0%: growing) | 66.97% | 0.00% | |
| WF Woori Bank | $16.8B | 7.7× | — | +37.39% (above 0%: growing) | +12.90% (above 0%: growing) | −106.07% (below 0%: shrinking) | 57.49% | 0.00% | Compare |
| PNFP Pinnacle Financial Partners, Inc. | $15.3B | 13.5× | 13.0× | +126.12% (above 0%: growing) | +9.55% (above 0%: growing) | −3.18% (below 0%: shrinking) | 66.77% | 0.00% | Compare |
| BSAC Banco Santander Chile | $15.2B | 12.4× | — | +6.76% (above 0%: growing) | +50.00% (above 0%: growing) | +440.00% (above 0%: growing) | 67.88% | 0.00% | Compare |
| BBD Banco Bradesco SA | $14.0B | 5.5× | 5.2× | +16.65% (above 0%: growing) | +44.44% (above 0%: growing) | +1,455.10% (above 0%: growing) | 34.57% | 0.00% | Compare |
| Median of peers | $17.2B | 11.2× | 11.2× | +13.25% | +14.52% | +109.94% | 67.32% | 0.00% |
From the latest earnings call
- Dominic Ng said demand deposits accounted for more than two-thirds of the quarter’s deposit growth, while residential mortgages and commercial lending contributed to loan growth.
- Chris Del Moral-Niles said East West was shifting toward core demand deposits to manage costs and expected its margin to remain relatively stable.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
92.04%
Held by the ten largest
51.00%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 13.89m | 10.14% | −91.59k |
| BlackRock | 13.52m | 9.87% | +285.57k |
| Invesco | 8.83m | 6.45% | −558.94k |
| Fidelity (FMR) | 8.49m | 6.19% | +801.06k |
| State Street | 5.02m | 3.67% | +57.99k |
| Capital Group | 4.91m | 3.58% | +35.68k |
| Charles Schwab | 4.45m | 3.25% | +403.62k |
| Schroders | 3.99m | 2.91% | +120.86k |
| Boston Partners | 3.57m | 2.61% | +130.30k |
| AQR Capital Management | 3.21m | 2.34% | +1.48m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 8 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 9.68m | 18.51m | 254.00 |
| 2024 | 9.21m | 23.40m | 224.00 |
| 2023 | 8.36m | 15.41m | 161.00 |
| 2022 | 9.08m | 6.59m | 135.00 |
| 2021 | 8.65m | 27.53m | 162.00 |
Ownership
Directors and executive officers, together
less than 1%
BlackRock, Inc.2
9.50%
Capital International Investors3
7.20%
Invesco Ltd4
6.80%
FMR LLC5
6.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
East West Bancorp, Inc. (EWBC) Latest News
21 Oct
20 Oct
15 Oct
25 Sep
23 Sep
22 Jul
EWBC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
East West Bancorp is a bank holding company whose principal asset is East West Bank. The company was incorporated in 1998, and the bank’s headquarters and main administrative offices are in California. Dominic Ng is chairman and chief executive officer of both the company and the bank.
The bank serves individuals and businesses with checking and savings accounts, loans and other financial services. Its lending ranges from residential and commercial real estate loans to business credit lines, equipment financing and trade finance. It also offers foreign exchange, treasury management and wealth management services. Treasury management helps business customers manage payments and other banking activity.